Gov'ts and Institutions buying up Bitcoin

[NavI_027]

Most governments treat bitcoin or crypto in general as a threat so why would you even think they'll buy some? And besides, if they are really interested on it then why they keep it as a secret? Actually they supposed to reveal it on the public to show support on the crypto community of their country and spread the awareness in this technology as well, but since there's no such thing then probably a certain government is not interested to crypto at all.

I think what more possible to happen is that several of government enployees can have their own bitcoin savings. But talking to as a whole? Nah, impossible for now .

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[adzino]

Where did you find that the Government and its institutions are secretly buying bitcoins? Do you have any valid proof or any article that can back your statement? We might want to give it a read so we can judge if those articles are just some random click bait articles or just written to fool people and cause confusion or just to make conspiracy theories. Even if the Government buys bitcoin, its none of our business and they can do whatever they want with it.

[joinfree]

I don't think governments as a body can invest into bitcoin without the notice of its nation and also undergoing series of security audits. But i think large financial institutions that are owned by individual are rather investing into bitcoin for the future gains when it finally gains the legalization across the globe.

[killat]

There are still a lot of opportunities to make some money here with smart investments.

Pension funds are investing in Bitcoin. Institutional investors are buying Bitcoin futures, Google is investing in cryptocurrency. I mean.. we are just getting started.

[fulled]

as far as i know only bulgaria announcing their intention to bitcoin, i never heard any nation except bulgaria buying bitcoin. Where you found this news?

[bkbirge]

It's not just "buying" on the open market. It's also espionage and theft.
https://www.coindesk.com/north-korea-stole-2-billion-in-crypto-and-fiat-to-fund-weapons-programs

[Mulann2]

What do we make of the coverage of institutions and governments quietly buying up large amounts if Bitcoin? Is there much reliable info/coverage on this? Seems like this might not be getting the attention it deserves. Or maybe I'm just being led on by suspicion/curiosity.

Opinions? Inside info haha

Are just making things up to see what will be people's response, or you actually got an inside info on this topic, either way that should be a good thing to the crypto community if both institutions and government are stocking on btc, but i doubt anyone here has such certainty that this is happening, everything is still base on remorse and if they are buying surely it will reflect on price.

[HELLOFF]

I very much doubt that the government and the state can buy Bitcoin, because if this state is civilized and not totalitarian, then there is no dark market and dark budget, because all the spent state funds can be traced.  Especially if negative statements about cryptocurrency are officially heard from officials of some countries, then investing in cryptocurrency by official ones is also not feasible.  Although I think that officials themselves can have cryptocurrency in their personal assets.

[redsun114]

Those government and institutions buying bitcoin might have an ulterior motive for embarking on such feat, maybe their sole aim is to become self imposed whales that will control the price in the future, I am quite sure the US government will have an undisclosed huge amount of bitcoin and who knows  they might have been subtly accumulating more bitcoin covertly such that they can continue to dominate the world as world power in every aspect of economy.

I do not think US does have any investment in cryptocurrency, because if they had, Trump would not have come on twitter to make a statement which he knew could break bitcoin down a little and then break their investment, except maybe trump is just trying to create FUD that will make the price drop so that they can have chance to buy cheaply.

The only country that I don’t trust is North Korea, North Korea is too wise and could be gathering wealth secretly through the system by playing as whales. That is just an assumption though, only their government knows the truth. For institutions, I am sure we will have so many institutions who understand the technology of bitcoin will be accumulating bitcoin underground, and maybe that is why we do see some sudden jump in the price of bitcoin at times without explanation.

[bitcoinposts]

We already know Government institutions and wall street  are showing up interest in bitcoin and we have seen recently Fidelity may come up with crypto platform which is big move for crypto currency industry all together

[jerrison]

What do we make of the coverage of institutions and governments quietly buying up large amounts if Bitcoin? Is there much reliable info/coverage on this? Seems like this might not be getting the attention it deserves. Or maybe I'm just being led on by suspicion/curiosity.

Opinions? Inside info haha

Intentions varies with respect to business options and investors plans or motives. the buying up of bitcoin by governments and institutions is tied to its relevance and also the perceived scarcity of bitcoin in time to come. As it has been observed over the years, all efforts to limit the usage and spread of bitcoin has proven futile. They are making smart moves by buying BTC and I will advice you to do same.

[Nolimitz84]

Personally, I do not communicate with government organizations and companies,so I do not have reliable information whether they buy cryptocurrency masse or not.Personally, I think that this is an exaggeration and the government does not make sense to buy bitcoi  masse.

[dunfida]

Those government and institutions buying bitcoin might have an ulterior motive for embarking on such feat, maybe their sole aim is to become self imposed whales that will control the price in the future, I am quite sure the US government will have an undisclosed huge amount of bitcoin and who knows  they might have been subtly accumulating more bitcoin covertly such that they can continue to dominate the world as world power in every aspect of economy.

I do not think US does have any investment in cryptocurrency, because if they had, Trump would not have come on twitter to make a statement which he knew could break bitcoin down a little and then break their investment, except maybe trump is just trying to create FUD that will make the price drop so that they can have chance to buy cheaply.

The only country that I don’t trust is North Korea, North Korea is too wise and could be gathering wealth secretly through the system by playing as whales. That is just an assumption though, only their government knows the truth. For institutions, I am sure we will have so many institutions who understand the technology of bitcoin will be accumulating bitcoin underground, and maybe that is why we do see some sudden jump in the price of bitcoin at times without explanation.

We wont able to know on what are those behind the scenes or transactions does the government hiding.Accumulating or not, ex. on trumps speech, i dont completely believe on that and its impossible for US government wont get a piece of the pie.

About institutions then there no doubt that they are involving theirselves into crypto investment yet investors mind will most likely jump into things which are being hyped or trending.

[javadsalehi]

Those government and institutions buying bitcoin might have an ulterior motive for embarking on such feat, maybe their sole aim is to become self imposed whales that will control the price in the future, I am quite sure the US government will have an undisclosed huge amount of bitcoin and who knows  they might have been subtly accumulating more bitcoin covertly such that they can continue to dominate the world as world power in every aspect of economy.

I do not think US does have any investment in cryptocurrency, because if they had, Trump would not have come on twitter to make a statement which he knew could break bitcoin down a little and then break their investment, except maybe trump is just trying to create FUD that will make the price drop so that they can have chance to buy cheaply.

The only country that I don’t trust is North Korea, North Korea is too wise and could be gathering wealth secretly through the system by playing as whales. That is just an assumption though, only their government knows the truth. For institutions, I am sure we will have so many institutions who understand the technology of bitcoin will be accumulating bitcoin underground, and maybe that is why we do see some sudden jump in the price of bitcoin at times without explanation.

I agree with you
In my opinion, no government have invested in bitcoin. But I think, if we list the countries that might investing in bitcoin, dictatorship countries will be in top. Because it's nit easy for countries like United States to invest in bitcoin. there are restrict rules there.

[pixie85]

We already know Government institutions and wall street  are showing up interest in bitcoin and we have seen recently Fidelity may come up with crypto platform which is big move for crypto currency industry all together

Interest doesn't mean buying. The headline is really exaggerated and probably even fake. If governments were to buy bitcoin just to hold it it would mean weakening their own currencies.

If they really wanted to destroy bitcoin they would be able to do it. They could print a lot of new money and use it to buy all bitcoins that you can and then close all of it in a vault making the supply so low that it will be impossible to use it as a currency.

[drumamat]

Governments will buy bitcoin only if it is spelled out in their plans.That is, if the purchase will be made, then it should be, at least, economically justified.How can financiers and economists who work for the government justify the purchase of a large amount of bitcoin?I think this is bullshit.Hearsay and reality are in different planes.

[Botnake]

We already know Government institutions and wall street  are showing up interest in bitcoin and we have seen recently Fidelity may come up with crypto platform which is big move for crypto currency industry all together

Interest doesn't mean buying. The headline is really exaggerated and probably even fake. If governments were to buy bitcoin just to hold it it would mean weakening their own currencies.

If they really wanted to destroy bitcoin they would be able to do it. They could print a lot of new money and use it to buy all bitcoins that you can and then close all of it in a vault making the supply so low that it will be impossible to use it as a currency.

The government might put some limitation, they have a lot of money to buy Bitcoin and they know already the risk they brought in. They'll never destroy bitcoin cause it is impossible to do it. I know they have that interest to invest crypto and they'll probably be planning into it but they want it to make safe.

Bitcoin investment is a big money and the government might be thinking if it could affect their financial capabilities when they buy bitcoin. Of course, it needs a plan and not causing conflicts between the government leaders and their people.

[layer1gfx]

i don't think that a government has to buy bitcoin, in some countries they already allow to pay taxes using crypto.
it is more likely that institutions and banks are secretly buying bitcoin and spreading bitcoin FUD to the naive public at the same time (JPMorgan tactics).

[Strufmbae]

What do we make of the coverage of institutions and governments quietly buying up large amounts if Bitcoin? Is there much reliable info/coverage on this? Seems like this might not be getting the attention it deserves. Or maybe I'm just being led on by suspicion/curiosity.

Opinions? Inside info haha

there are names to be said, politicians knows what is good, they work on government to play it safe, insurance, healthcards, benefits and allowances are provided by government to their employees, but the good thing is they know how to secretly invest in a sure win investment. maybe not now that many people could realize how powerful crypto is.

crypto investment is like investing in a certain country stocks and trade exchange.

[layer1gfx]

instead of buying bitcoin, governments could also get into mining bitcoin and HODLing it. nevertheless, it is all unconfirmed rumors